Anglo Asian Mining Share Discussion Threads

[mattjos] 19/9/2020 13:34

Yup, Wait until USA gets second wave. Then the printing will really hit the next higher gear .. probably just after USA election.
The UK & EU have a particularly difficult 4 months coming up.

It's not just the rapidly developing Covid second wave, there is also BREXIT to navigate.

Most other nations have extended their (equivalent) furlough schemes until well into / the end of 2021 & I just don't see how the UK will not be forced into doing same. Unlikely to be as generous as the first time around & it will HAVE to be a flexible version (as now) that will enable companies to rapidly flex their labour according to windows of opportunity through the winter trading period.

For many UK businesses that import/export from/to the EU, there is a growing requirement to increase Admin staff in order to cope with paperwork challenge that is coming up from 1/1/2021 & since much of this will be 'new' it's likely not best on a 'working from home' basis.

From my own perspective & probably all other owner/managers in the SME space, this likely to be the most challenging 6-month period of our business careers.

Whilst much of the long term debate surrounds the growing likelihood of the US$ losing its supremacy, the near-term will likely be dominated by the terms of BREXIT and how that impacts GB£ & EUR€.

A temporarily weakened GB£ will result in AAZ's GB£ earnings being strengthened by the currency & the dividend also.
There seem to be more reasons than ever before for Gold to push higher off the back of risk & central bank printing + whatever mess the USA election results in.

Fingers crossed the Gedabek mine complex remains free of covid and the logisitics in/out continue to run without any meaningful interruption.

[bonio10000] 19/9/2020 12:48

so more and more lockdowns coming

so more and more stimulus needed

went into town for the first time since feb today - empty and lots of closed units.

grim stuff.

Still - we can print our way to luxury communism.

[mattjos] 19/9/2020 11:59

I'll stick with CNG again, please

[qazwsxedc69] 19/9/2020 11:53

Oops - realised this should have been posted on Wan's thread. Sorry! When I saw I'm not tipping AAZ, I mean for the 'game'. Otherwise I am certainly tipping AAZ and it remains largest part of my PF!

[katsy] 19/9/2020 11:43

Most on here know the DDDD story and many think next week is when they announce PIII IBS trial so I'll go with DDDD. Still think SKIN is very close to announcing real-time covid testing but 4d looks a better bet for next week.

[wanobi] 19/9/2020 11:40

great posts guys, many thanx to all and well done to those at the upper end of the table, EVG for me all the way LOL,,,, fingers crossed and good luck all holders, cheers Wan :-)

[mattjos] 19/9/2020 11:18

interesting read and interpretation of events since March:

[pogue] 19/9/2020 11:03

POF
thank you for the timeline that is very helpful.
I have one question and its the usual one for anyone in at a pre production resource company where is the finance coming from to bring it to production. I seem to remember you said the board was not keen on dilution as they own a load of shares can you elaborate what you believe will be happening there?

[pantsonfire] 19/9/2020 10:39

Here’s my view on PXC in the coming months.

The results from Empire are now being calculated up by Hard Rock Consulting and converted into a Resource. They will create 3D maps of the mine, and calculate out how much ore, and then how much metals are there for mining. Expect this to be out in a couple of weeks. I think that with the new way Phoenix are looking at the Resource, switching from copper to gold as the main target, we may see the M&I Resources increase by possibly 20 - 50%.

Meantime we should get back the results from the metallurgical labs, where they have been testing recoveries using thiosulphate in place of cyanide. If the pilot plant goes as well as the laboratory bench, we should see a gold recovery of 97% which will be astonishing.

The new Resource will then go into the Phoenix economic model, together with the pilot plant results, and they will look at the multiple cases, different ores, different investment cases, to come out with the optimised version. We should expect this for end-October. This should also set an approximate capital cost for the investment required. At this point we will know the finance requirements and the return, hence the profitability. From everything I am seeing, this will look very very good. I think we may see in the best case finance in place towards the middle of November, and certainly before the new year.

In the coming weeks we will also get back the results from the analysis of the channel samples from Navarre Creek. If the results are good, then this could create a real jump in value, as this would be a near surface gold mine, of large potential value.

Each of the stages above should create a jump. I think it likely that we will see a share price of 100p before end November, and would not be surprised if it were 200p by the New Year.

As Ryan MacDermott, their CEO says, let the data do the talking, and we are expecting a lot of data this autumn. After this the adventure starts, for the company is hopeful that they will find major reserves in the deep, which could quite possibly push the share up towards 500 – 1,000p, and maybe more, in a matter of years.

This is a share to put under the bed, to forget, and to come back to in years for your pension.

[pantsonfire] 19/9/2020 10:31

Thanks odsjp for your message, and well done to you too for this effort with our little competition. I think this shows a key message. If you can afford to lose money in your investments, then it may be worth a punt on something a little more risky, if you have knowledge. Look at Bazboa for example. He would have to lose everything on 2 other equal investments to make an overall loss. But that still does not excuse us from doing research, and only invest what you can afford to lose.

Personally, I feel embarrassed with your kind words since I feel the congratulations are due more to the BoD of Phoenix, who have persisted, even when the market had little trust in them. Great geologists, miners and financial bods, but lousy self-propogandists. Looking back we can clearly see how they have learned from their mistakes; witness the way they are now using social media. But they trusted in the geology, and themselves, and they are now on the way to bringing this company towards fruition.

I’m going to post after this a summary of what I believe is going to happen to PXC in the near future, and why I believe it still represents a great opportunity, for those who don’t yet know. I’ll leave it separate for those who are bored with my ruminations, and can therefore pass it by. Let me offer my opinion here though, that this share is going to continue to rise, and rise substantially. I speak regularly with members of the BoD, and know the finances remain sound to fund the ongoing programmes, and they are confident that with the new Resource due shortly, the PEA for the end of October, that they will have finance in place by around the end of the year to bring the mines into production next year. Maybe we’ll be at 200p by year end, if not shortly after and then up to £5.00 within a year or 2, and then when they get into the deep resources we are off the scale.

So hang on to your certificates. Put them under your bed. Come back in a few years and see where you are.

[goodgrief] 19/9/2020 09:44

Hi qaz... hope you've picked the right stock even if your timing is 'rubbish'!

[qazwsxedc69] 19/9/2020 09:25

I’ve had PXC, DDDD, and CAR, all of which have huge rises of late and all of which (thankfully) I have sizeable amounts of in my PF. However I’ve consistently picked the wrong week to tip them and hence I’m propping up the table.

Given I am the kiss of death, I’m going to steer well clear of tipping AAZ. Instead I’m going to go for AEXG. It is a recently listed, fund raised in July of $70m, based in Greenland (the all year round accessible part) and there is lots of existing infrastructure in place that they are hoping to bring back into production quickly.

They also have a huge and promising exploration portfolio, close links to govt so no issues with permits and licensing etc.

[indyanna] 19/9/2020 08:39

I'll stick with EUA please

[c0lin1] 18/9/2020 21:43

Well done odsjp. I'll have txp again this week.

[the stigologist] 18/9/2020 21:15

Imagine being flukey enough to have both ALBA and DDDD in your real portfolio.

Don't bet against Golden Crosses!

[stevea171] 18/9/2020 20:51

I believe the AAZ/CGNR JV go ahead announcement was scheduled for yesterday but some element was not ready.

Friday is a poor day for releasing good news as the media is switching off for the w/e so now likely Monday.

21/7/2020. "The HoT entered into today will be formalised in the forthcoming 4-6 weeks, with both parties determined to proceed as quickly as possible.
In the Republic of Ireland it only takes 2 weeks to obtain a permit to drill and we anticipate that drilling will commence before the end of Q3."

[odsjp] 18/9/2020 20:48

Week 7 results are here.

In the end there was only one weekly winner with LHoskins making a 90% gain with ALBA (not bad for a week) followed by Bazboa (DDDD) with 28% and madfoetus,pantsonfire in joint 3rd with PXC at 17.65%.

On a personal note I would like to thank POF for his insight as I bought into PXC sometime ago and it is now my 2nd biggest holding after AAZ. I also at the end of this week took a small position in DDDD as I need to try and emulate Bazboa in his success.

Overall Bazboa is in the lead by a country mile with £31K (tripling his money in 7 weeks), followed by Ilostthelot in 2nd with £18K and excellence still in 3rd with £16K. It should be noted that Lhoskins was previously towards the bottom of the table but is now in overall 4th position following his choice of ALBA last week. Just goes to show that there is hope for us all if we can double our position in a week.

Someone needs to catch Bazboa as I can't see him changing his choice with DDDD news expected shortly.


Week 7 - Final results

[the stigologist] 18/9/2020 17:25

FYI I was talking about ALBA sub 0.20p at the start of Sept

I think ORR could be next gold tiddler to go (took a bit of ALBA off today to buy ORR)

Mkt Cap £3m but got two exciting potential plays in Senegal and Cameroon. If any UK stock can be the next GGP it's ORR

[pogue] 18/9/2020 17:16

Just listened in the car to Radio 4 and they were talking about 15 minute tests for CV19. With no research whatsoever, I assume, they claimed they still did not exist and they would not be as accurate as current tests! It appeared all they wanted to do was shot down the PMs claim for mass testing. Wow the BBC gets worse.

[goldrush] 18/9/2020 17:14

All

Don't forget to register for Proactive Webinar at 6p.m. on 1st October.

[odsjp] 18/9/2020 16:29

Hi WAN, I will post the results later tonight so they will be final. It looks like it will be a close call between PXC, ALBA, DDDD and FSX:TSX.

[stevea171] 18/9/2020 16:25

Yes, I think the JV will be off to a running start with a lot going on behind the scenes since July.

CGNR: £8m MCap with 8.8m oz of gold at 10% worst case x 65km strike + 517,00 oz JORC has to be one of the most undervalued gold juniors out there

31m shares
11m tight
£1M cash
#AAZ pending €7m JV
€2m Immediate drilling

£2 is only £62m MCap verses lots of co's that have zilch
Quote Tweet
Conroy Gold and Natural Resources
@ConroyGoldplc
· Sep 15

[mattjos] 18/9/2020 16:22

seems like there has been a reasonable amount of time for the legals and paperwork to have been drawn up between the two parties … there must have been reasonable certainty anyway else Conroy would not have got a placing away.
In parallel, I'm sure AAZ will have been active in drawing up their drill programme together with the Conroy geologists.

[stevea171] 18/9/2020 16:14

I expect the announcement of JV of AAZ with CGNR to be confirmed Monday.

The MM's have virtually no stock of CGNR to sell and are not raising the bid.
Yesterday they reduced the bid to 25p for no reason to try to attract sellers which suckered a few to hand over stock.

But all that is now gone.

You can buy 1000 only so on Monday CGNR and AAZ are likely to rocket .....

DYOR